SPAIN DAYBOOK: Spain to Sell Treasury Bills; Mortgage Data

Spain’s Treasury aims to sell as much as 2.5 billion euros ($3.5 billion) of three- and six-month bills at an auction today.

WHAT TO WATCH: *Treasury auction results are due from around 10:35 a.m. CET.

ECONOMY: *Spain’s National Statistics Institute publishes data on mortgage lending for March at 9 a.m. CET. *Prime Minister Jose Luis Rodriguez Zapatero meets with Barclays Plc (BARC) Chief Executive Officer Robert Diamond at 10 a.m. CET. *An EU-led review of Greece’s progress of a 110 billion-euro bailout will be concluded in early June, the Athens-based Finance Ministry said. The review will also examine further details of the government’s accelerated state asset sales plan and medium-term fiscal strategy.

EQUITIES: *Grifols SA (GRF), Europe’s largest maker of blood-plasma products, holds its shareholders’ meeting at 12:00 p.m. CET in Barcelona. *Obrascon Huarte Lain SA (OHL) said shareholders approved a gross dividend of 49 euro cents per share to be paid on June 1. *Pescanova SA Chairman Manuel Fernandez de Sousa-Faro bought 972,362 shares of the company, or a 5 percent stake, at 31 euros a share, the company said in a regulatory filing. *CXG Corp. Novacaixagalicia SA sold 2.92 million shares of Pescanova SA (PVA), or a 15 percent stake, it said in a regulatory filing late yesterday. A 10 percent stake was sold at 30 euros a share and a 5 percent stake at 31 euros a share. *Bankia plans a 40 percent to 50 percent payout for retail and institutional shareholders who participate in its proposed initial public offering, El Confidencial reported, citing unidentified people with knowledge of the matter.

MARKETS: *The IBEX 35 Index dropped 1.4 percent to 10,082.7. *The spread between Spanish and German 10-year borrowing costs widened to 250 basis points.

To contact the reporter on this story: Manuel Baigorri in Madrid at

To contact the editor responsible for this story: Emma Ross-Thomas at

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